India\\\'s edible oils rise on millers, retailers buying
Sunday, 2 November 2014
NEW DELHI, Nov 1 (PTI): India's edible oils regained strength and prices rose up to Rs 100 per quintal at the wholesale oils and oilseeds market during the week under review following emergence of buying by vanaspati millers and retailers to meet rising demand.
A few oils in the non-edible section, also showed some strength and closed higher on increased demand from consuming industries.
Traders said revival of buying by vanaspati millers and retailers to meet wedding season demand against restricted arrivals from producing belts mainly led to a rise in edible oil prices.
In the national capital, groundnut mill delivery (Gujarat) oil moved up by Rs 100 to Rs 7,600 per quintal, while groundnut solvent refined rose by Rs 50 to Rs 1,350-1,400 per tin.